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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $243.77
- 4 Days on Market
- MLS # : 6185869
- Updated Date : 01/28/2021 at 23:44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,047 sqft
- Baths : 2 full
Listing Agent
Gentry Real Estate
Listing Agent's Description
This incredibly well maintained ranch house sits on approximately 1.5 acres of land that's ready for your horses, trucks, toys, kids, whatever you'd like! You'll love the huge irrigated pasture w/ well established grass, 2000 SF awning w/ electricity, large parking area, high quality vinyl fencing, hot wire and more! The home itself is in amazingly good shape - VERY lightly lived in and well maintained. With irrigation and desert landscaping, the utility bills are unbelievably low. No HOA means very few restrictions and a lifestyle of freedom. You won't be disappointed so come see this home today!
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PRICE & RENT TRENDS
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85140
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$291 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$500
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$499,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
1.08
YEARS SAVED
$2,138
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,685
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
4808 E Rogers Lane San Tan Valley, AZ 2
- 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,690
- $0.83
-
4962 E Alamo Street #lot 695 San Tan Valley, AZ 1
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2015
LEASED 08/26/19- Rent
- Rent Per SQFT
- $1,400
- $0.79
-
4021 E Caitlin Drive San Tan Valley, AZ 3
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2020
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,800
- $0.77
-
37201 N Canter Street San Tan Valley, AZ 4
- 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2021
LEASED 01/23/21- Rent
- Rent Per SQFT
- $1,950
- $0.91
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185869
Last Updated: 01/28/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
